Best Options Portfolio Tracker in 2026
Tracking an options portfolio is harder than tracking stocks. You need to monitor theta decay, DTE, strike distances, assignments, and rolls. Here are the main approaches traders use and how they compare.
Four ways to track your options portfolio
Spreadsheets (Google Sheets / Excel)
The most common starting point. You manually enter each trade, track premiums collected, and calculate P&L. Spreadsheets are free and fully customizable, but they require manual data entry for every trade. As your portfolio grows, keeping a spreadsheet current becomes a part-time job. Errors from manual entry compound over time.
Brokerage Built-In Tools
Every brokerage shows your open positions, but the tools are designed for order execution, not portfolio analysis. You typically see a flat list of positions without theta decay tracking, wheel cycle visualization, or AI recommendations. If you trade at multiple brokerages, you get a fragmented view of your portfolio.
ThetaPal — Built for Options Sellers
ThetaPal is a dedicated options portfolio tracker designed specifically for premium sellers and wheel strategy traders. It syncs with 15+ brokerages through SnapTrade, displays positions as color-coded tiles, and provides AI roll recommendations with specific contract suggestions. Additional features include insider trade tracking, politician trade monitoring, earnings analysis, and an options heat map.
General-Purpose Portfolio Trackers
Tools like Personal Capital (Empower), Sharesight, or Stock Events track stocks and ETFs well but often have limited or no support for options. They may show options as line items without tracking theta decay, strike distances, or the wheel cycle. If options are a small part of your portfolio, these tools may suffice for a high-level view.
Quick comparison
How the four approaches stack up across the features that matter most to options traders.
| Feature | Spreadsheet | Brokerage | ThetaPal | General Tracker |
|---|---|---|---|---|
| Auto Brokerage Sync | No | Built-in | 15+ brokerages | Varies |
| Theta / DTE Tracking | Manual | Basic | Automatic | Rare |
| AI Recommendations | No | No | Yes | No |
| Wheel Strategy | Manual | No | Purpose-built | No |
| Multi-Brokerage | Manual | No | Yes | Varies |
| Insider Trades | No | No | Yes | No |
| Cost | Free | Free | Free / $5.99+ | Varies |
Why wheel strategy traders choose ThetaPal
If you sell cash-secured puts and covered calls, ThetaPal was designed specifically for your workflow.
Visual Portfolio
Every position is a color-coded tile showing P&L, DTE, strike distance, and theta burned. Scan your entire portfolio in seconds.
Smart Recommendations
AI analyzes your positions and suggests when to roll, which contract to roll to, and how much credit to expect.
Complete Research Suite
Insider trades, politician trades, earnings analysis, portfolio news, and IV leaderboard — all in one platform alongside your positions.
Frequently Asked Questions
What is the best way to track an options portfolio?
The best approach depends on your portfolio size and complexity. For small portfolios (under 5 positions), a spreadsheet may suffice. For active traders running the wheel strategy or managing 10+ positions, a dedicated tracker like ThetaPal that syncs with your brokerage saves significant time and reduces tracking errors.
Are brokerage built-in tools good enough for tracking options?
Brokerage platforms show your current positions but typically lack portfolio-level analytics, cross-brokerage consolidation, theta decay tracking, and AI-powered recommendations. If you trade at multiple brokerages or want features beyond basic position listing, a dedicated tracker adds significant value.
How much does an options portfolio tracker cost?
Options vary from free (spreadsheets, brokerage built-in tools) to paid subscription services. ThetaPal offers a free tier with core tracking features, a Pro plan at $5.99 per month, and a Premium plan at $14.99 per month with unlimited AI analyses and multi-brokerage support.
Can I track options from multiple brokerages in one place?
Most brokerage platforms only show positions held at that brokerage. ThetaPal connects to 15+ brokerages through SnapTrade, letting you see all your options positions from Schwab, Fidelity, Robinhood, E-Trade, and more in a single dashboard.